accounting statements - a collection of information on the results of operations for the establishment of a certain period of time and its material and property status.Regulatory systems presented a set of indicators that reflect the status of the organization and at the balance sheet date and the financial results obtained as a result of its operations for the reporting period.He received an appropriate name, because during this time the agency must prepare their statutory financial statements.This procedure, first of all, it is necessary for the organization.
generalization of accounting information related to the need to clarify or adjust the rate of economic activity.In this regard, the accounting financial statements should identify the parts which its content can in any way affect the assessment made by the user information about profit and loss, the overall financial situation or state property.Consumers of these data are the owners, shareholders or managers of the enterprise.Accounting Financial Reporting on the performance of the institution, the level of financial stability and the state of the property is quite important for those investors who are interested in investing.Every commercial enterprise should be established with the owner of the articles of incorporation.
Accounting Financial Statements has a special principle of drafting and publication.Its value lies in the efficiency, timeliness, reliability, in accordance with established procedure of registration, integrity and openness.Changes in accounting policies required to enter at the beginning of the financial year to preserve the comparability of data.If they are absent, such accounting and financial reporting needs to be adjusted in the course of which it is necessary to adhere to the provisions established system of regulatory accounting.Methodological indicators should be united.The causes and specifics of adjustments should communicate the relevant note to the report and balance sheet of the financial results.
Financial Statements contains: information about profit and loss, balance sheet, the audit report, the explanatory note and applications.When compiling must adhere to certain rules.The first thing to remember is that information about the financial results and position of the company must be accurate and provided in full.In the process of registration of the financial statements should be followed neutrality, because it requires be in the interest of all users.Furthermore, it is important to observe the contents and sequence.Accounting Financial Statements confirmed by the auditor's report.
